In this I have entered the current SP of 2.4c, exercise price 5c, three years to expiry, 5% cost of money, volatility at 50% (this is arbitrary - could be 80% or whatever ... quite a difficult equation to determine and since it's really forecasting the future you have to take a punt)
So, currently the nominal value of the options according to Black Scholes is 0.4c.
The raise was 3c, and 3:4 options, now valued at 0.4c.
So the heads should really be worth 2.6c and the 3:4 options valued at 0.6c for break even on the raise price of 3c.
Watching
TA wise ... there's a gap at 2.1c (11 Jan '24) and a recent low at the same price ... so a double bottom, gap filler is worth remembering.
Let's see how the US elections go next week.
ACW Price at posting:
2.4¢ Sentiment: None Disclosure: Not Held
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